Deals of the day-Mergers and acquisitions

Reuters
Oct 07
Deals of the day-Mergers and acquisitions

October 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday:

** RedBird Capital Partners-backed Bishop Street Underwriters has acquired London-based MGA Avid Insurance, the company said.

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** CapitaLand Ascendas REIT <CAPD.SI> said that it will acquire three industrial and logistics properties in Singapore for about S$565.8 million ($438 million) from Vita Partners, as part of a S$1.3 billion domestic investment drive for the year.

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** Investment firm Vinci Compass <VINP.O> said on Monday it has agreed to acquire Brazilian asset manager Verde, one of Latin America's most established hedge funds, in a stock and cash deal.

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** AI-powered customer survey software maker Qualtrics has agreed to buy healthcare market research company Press Ganey Forsta in a $6.75 billion deal, both companies said on Monday.

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** Fifth Third <FITB.O> on Monday agreed to buy regional lender Comerica <CMA.N> in an all-stock deal valued at $10.9 billion, striking the biggest U.S. bank deal of the year that would create the nation's ninth-largest lender.

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** Defense contractor Science Applications International Corp <SAIC.O> said on Monday it had agreed to buy peer SilverEdge Government Solutions from private equity firm Godspeed Capital for $205 million in cash.

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(Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)

((Sahil.Pandey@thomsonreuters.com))

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